Question about APRs

Discussion in 'Off Topic Chat' started by Corry, Oct 4, 2004.

  1. Corry

    Corry Flirtacious and Bodacious Supporting Member

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    Ok, I know absolutely nothing about this kinda thing (hence the reason I don't have a credit card). So, if something says it has a 14.49% variable APR, and it's on something I'm buying for $875.14 after taxes...how much will I be paying per month in interest? Well, I know it will change as I make payments, but...I don't know, a rough estimate, or an explanation of how this stuff works would be great! I feel like an idiot when it comes to finances. I should know this.
     
  2. MDowdey

    MDowdey Guest

    corry,

    14.4 is not very good at all. there are cards that have 4% and lower...but depending on how quick you pay it off..it should be too bad...



    md
     
  3. Corry

    Corry Flirtacious and Bodacious Supporting Member

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    Well, it's not actually for a card exactly...I'm wanting to buy a computer from Dell, but the only way I can do it is if I get on a payment plan of some kind. I was approved for their financing dealy, and it's not intrest til April 2005, but then the interest is accrued if you don't have it paid off, and with everything I have to pay for right now, I don't think I'll have it paid off. And the interest rate is 14.49% Variable APR. So, I'm just trying to figure up approx. how much I'll end up paying for this thing.
     
  4. Corry

    Corry Flirtacious and Bodacious Supporting Member

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    Actually, if I don't have anything unexpected happen, it might be possible for me to pay it off by April...but I need my camera and plane tickets and supplies for Joshua Tree first! AND Christmas is coming, so I have gifts to buy! I think I'm going light on the Christmas shopping this year! :)
     
  5. Walt

    Walt TPF Noob!

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    If it's possible, go to your bank and try to get a line of credit. Let Dell carry the financing for the interest free period and then pay it off with the line of credit that is usually at a low rate.
     
  6. Corry

    Corry Flirtacious and Bodacious Supporting Member

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    That's an idea. I could pay as much of it off as possible, then I won't have get much from the bank. Good thinking. I think I just may do that!
     
  7. Not Neve

    Not Neve TPF Noob!

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    Dell is counting on you not paying it off my April. In fact, they are counting on you forgetting about it so that in April they can collect the high interest from you.

    Safe for it, if you can. Unless, of course, you need it for school or something. I hate debt.

    <end of lecture>
     
  8. Corry

    Corry Flirtacious and Bodacious Supporting Member

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    Unfortunately I don't really have time to save for it. I'm not gonna have one very soon, so I have to get my own. It's all good. I'm going with Walts idea, if I don't have it paid off by then. But, I'm gonna do my best to just get it paid.
     
  9. Sharkbait

    Sharkbait TPF Noob!

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    Not to totally derail this, but dells are not good computers.
     
  10. Chase

    Chase I am now benign! Staff Member Supporting Member

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    I'd have to disagree overall, but that implies you've had some rough dealings with them, so tell us more! :)
     
  11. Corry

    Corry Flirtacious and Bodacious Supporting Member

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    So for everyone I've talked to has told me to go Dell, if I'm not gonna build my own. But there is no way that EVERYONE is going to be happy with them! I would like to know what has brought you to that opinion, too, Shark? Cuz I did sorta just order one this morning! :)
     
  12. Alison

    Alison Swiss Army Friend Supporting Member

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    No company is perfect, but I've had nothing but good experiences with Dell. In fact, my boys still use the Dell computer I bought for college back in 1997 :)
     

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